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How is Fourth Industrial Revolution changing Indian economy?
By Preethi Amaresh, Doctoral Scholar of International Relations from the Geneva School of Diplomacy
The world today is seeing quick progress in “Industry 4.0” or the “Fourth Industrial Revolution” which is altering nearly all sectors of the economy. Following the COVID pandemic, India has reported the loftiest upsurge in the usage of AI at 45 per cent compared to countries such as Japan, the U.S and U.K. The Indian ecosystem in the future is confident enough to witness the quick penetration and adoption of Industry 4.0. The economic impact of the pandemic in India has been particularly disruptive and there has been a knock. But the digital era has carried remarkable transitions to technology, industry and society.
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